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Jul 21, 2011
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over the entire decade, the cost of afghanistan and iraq wars is about $1.3 trillion. and that is a lot of money. again, that's over ten years, over a decade. this year alone, the deficit is expected to be $1.4 trillion. the deficit this year will be larger than the cost of the iraq and afghanistan wars over ten years. the driving force behind our deficit is not the wars in iraq and afghanistan. it's just not. war costs represent only 4% of total outlays over the last ten years. the total amount of money spent since president obama took office is $8.5 trillion. by the end of his first three years in office, we will have added $5 interest to our gross federal deficit. these are stunning numbers. bush had a widely criticized $450 billion deficit. since president obama has been in ofsz the deficits -- in office the deficit looks like it will be $1.5 trillion. we are borrowing too close to half of what we're spending every single day. in the last few years, discretionary spending, non-defense discretionary spending in the last two years increased 24%. 12% a year on average
over the entire decade, the cost of afghanistan and iraq wars is about $1.3 trillion. and that is a lot of money. again, that's over ten years, over a decade. this year alone, the deficit is expected to be $1.4 trillion. the deficit this year will be larger than the cost of the iraq and afghanistan wars over ten years. the driving force behind our deficit is not the wars in iraq and afghanistan. it's just not. war costs represent only 4% of total outlays over the last ten years. the total...
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Jul 27, 2011
07/11
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everybody knows that we are winding down the war in afghanistan and iraq. so, here we are six days away, six days waerbgs and we -- six days away, and we still have members of congress saying we have to pass a balanced budget amendment to the constitution. we have members on the other side who are saying that we have to raise taxes. we have a president of the united states who so far has refused to come forward with a detailed plan of his own. that's called leading from behind. it's time, it's time we listened to the markets. it's time we listened to our constituents. but most of all, it's time we listened to the american people and sit down and seriously negotiate something before we face a situation where we are depriving the american people of the fundamental right of having a government that doesn't deprive them the essential services, goods and entitlements which they have earned. madam president, i yield the floor. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. corker: i'd ask unanimous consent
everybody knows that we are winding down the war in afghanistan and iraq. so, here we are six days away, six days waerbgs and we -- six days away, and we still have members of congress saying we have to pass a balanced budget amendment to the constitution. we have members on the other side who are saying that we have to raise taxes. we have a president of the united states who so far has refused to come forward with a detailed plan of his own. that's called leading from behind. it's time, it's...
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Jul 20, 2011
07/11
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president to sustain our military force io afghanistan. that is literally what we'ren do taught about here in this debate. the american people are turning to come to understand it because when you first ask a person, tht obvious answer is no, are you crazy, senator? by what i want one of them in this country? we need more less stack, notts e more. when you go to the point ofjusto explaining that this is to pay d for things we authority -- that's the authority incurred, it isn't just a wage of war. 65a it is a debt incurred to pay fot medicare. we staaidl a to 65-year-olds acr america, you get medicare that will be there when you need pay. when you go to the hospital and turn your bills, will pay thejor hospital and we borrow money to do it. yield? >> thank you. i just walked in i appreciate w your comments about where weereh had h were. of 10 years ago we had a budget surplus in this country as you , recall. we had a number quarter after quarter of economic growth than we know the coming outcome when you have economic growth obviously the
president to sustain our military force io afghanistan. that is literally what we'ren do taught about here in this debate. the american people are turning to come to understand it because when you first ask a person, tht obvious answer is no, are you crazy, senator? by what i want one of them in this country? we need more less stack, notts e more. when you go to the point ofjusto explaining that this is to pay d for things we authority -- that's the authority incurred, it isn't just a wage of...
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Jul 5, 2011
07/11
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they came to afghanistan not because they were attacked but because we were attacked. they were our friends, they're our allies. they've been with us trying to make sure afghanistan never goes back into the darkness, a place to attack us or them again. so when they need us, i would tell president obama, now's not the time to sit on the sidelines. i know we're a war weary nation, but there is no upside to qadhafi staying in power. that is a national security nightmare for this country. here's a recent headline. "qadhafi threatens to attack european over airstrikes. colonel qadhafi has threat inned to carry out attacks against homes, offices in europe unless nato calls off the airstrikes in libya." he actually means it. hitler meant it. he means it. so we should be talking about the debt. we're not. we should be taking a stand against qadhafi in an effective way. and as you said, senator mccain, we're leading from behind. and i just cannot tell you how upset i am with policies coming from this administration that are sending a signal to our allies that we're not as relia
they came to afghanistan not because they were attacked but because we were attacked. they were our friends, they're our allies. they've been with us trying to make sure afghanistan never goes back into the darkness, a place to attack us or them again. so when they need us, i would tell president obama, now's not the time to sit on the sidelines. i know we're a war weary nation, but there is no upside to qadhafi staying in power. that is a national security nightmare for this country. here's a...
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Jul 22, 2011
07/11
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the current inventory is getting old and worn down from iraq and afghanistan. some equipment can be refurbished with life extension programs, but there is no getting around the fact that others must be replaced. when it comes to our military modernization accounts, he said the proverbial low-lying or low-hanging fruit, those weapons and other programs considered most questionable have not only been plucked, they have been stomped on and crushed. what remains are much-needed capabilities relating to our air superiority, our mobility, long-range strike, nuclear deterrents, maritime access, space and cyberwarfare, ground forces, intelligence, surveillance and reconnaissance that our nation's civilian and military leadership deemed absolutely critical. and he gave examples of a new tanker. he noted the ones we have are twice as old as many of the pilots who are flying them. a new generation strike fighter, the f-35. he said we have got to build more ships. the size of the navy has sunk to the lowest number since prior to world war ii. the army and marines, doing th
the current inventory is getting old and worn down from iraq and afghanistan. some equipment can be refurbished with life extension programs, but there is no getting around the fact that others must be replaced. when it comes to our military modernization accounts, he said the proverbial low-lying or low-hanging fruit, those weapons and other programs considered most questionable have not only been plucked, they have been stomped on and crushed. what remains are much-needed capabilities...
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Jul 20, 2011
07/11
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i disagree with a strategy where we're spending $100 billion to $120 billion in afghanistan in a strategy of nation building that is not the best use of our national security, not the best use of our soldiers who are there to fight for our national security, but those are decisions that were made in the past. and we must pay the bill on those decisions even when i disagreed with them. and then we need to put together a plan that takes on our deficit and our debt, and that plan has to put all of the options on the table. some of my colleagues across the aisle, they said, well, we want to protect the tax spending programs where we've tucked in tax provisions for the wealthy and the well connected. we want to defend those. we don't want to touch those for the best-off americans. but we want to cut the programs for working americans. that is unacceptable. we have seen enormous increase in the disparity between the wages and welfare of our citizens in general and the best-off becoming much, much wealthier proportionately. we can't continue to say that we're going to protect the well-connected
i disagree with a strategy where we're spending $100 billion to $120 billion in afghanistan in a strategy of nation building that is not the best use of our national security, not the best use of our soldiers who are there to fight for our national security, but those are decisions that were made in the past. and we must pay the bill on those decisions even when i disagreed with them. and then we need to put together a plan that takes on our deficit and our debt, and that plan has to put all of...
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Jul 26, 2011
07/11
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the american people would begin to recognize these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't agree with all aspects of this proposed solution. but we're not going to have 100 solutions on this floor. we're going to have one that we can vote on. i wish this would have included new revenue, especially by ending such costly and outdated tax benefits as those still enjoyed by the biggest oil companies to help us pay off our debt even more quickly. i'd like to help pay for the debt incurred by the inexcusable earlier decisions to enter two wars without paying for them. and i continue to believe the surcharge for the wealthiest would mean that they would pay more of their fair share after so ma
the american people would begin to recognize these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't...
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Jul 6, 2011
07/11
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right now there are 140,000 brave americans risking death and injury in afghanistan and iraq. do we reduce our responsibility to them because republicans don't want to burden millionaires? additionally, payments to doctors under medicare, medicaid could be suspended. where do the seniors and needy americans turn then in the event of an urgent medical problem? at a time when nearly 14 million americans are out of work and struggling to keep food on the table, unemployment benefits could lapse. we're talking about the possibility of people without incomes, people unable to sustain their basic needs. in addition to destroying the safety net for ordinary americans, a default crisis would likely threaten america's position as the economic giant of the world, as we see the possibility of widespread panic on wall street and the damage to the credit markets that could lead to the loss of millions of jobs across the country. the question has to be answered, mr. president: why are the republicans willing to walk on this economic tightrope to win favor among wealthy contributors? it's be
right now there are 140,000 brave americans risking death and injury in afghanistan and iraq. do we reduce our responsibility to them because republicans don't want to burden millionaires? additionally, payments to doctors under medicare, medicaid could be suspended. where do the seniors and needy americans turn then in the event of an urgent medical problem? at a time when nearly 14 million americans are out of work and struggling to keep food on the table, unemployment benefits could lapse....
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Jul 27, 2011
07/11
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forces in iraq and afghanistan, saving $1 trillion in the process. our troops in the middle east deserve our admiration and praise for so successfully carrying out their missions. we must, however, continue to press for a strategy that will bring our troops home as soon as we safely can. the reid deficit plan would find an additional $40 billion in savings by cutting fraud and abuse in tax compliance and a number of non-defense federal programs and $60 billion in other savings, including cutting unnecessary spending on agricultural subsidies and auctioning off electromagnetic spectrum that the government currently holds. finally, by cutting the government by over $2 trillion, we'll have to borrow less money than anticipated and that will save an additional $400 million -- sorry, $400 billion in projected interest costs. in total, the senate democratic plan on which we will vote would cut the deficits by $2.7 trillion over the next ten years. while senator reid's proposal would not address the tax gimmicks and loopholes throughout our tax code that he
forces in iraq and afghanistan, saving $1 trillion in the process. our troops in the middle east deserve our admiration and praise for so successfully carrying out their missions. we must, however, continue to press for a strategy that will bring our troops home as soon as we safely can. the reid deficit plan would find an additional $40 billion in savings by cutting fraud and abuse in tax compliance and a number of non-defense federal programs and $60 billion in other savings, including...